Retirement plan

FENTURA FINANCIAL, INC. EE DEFERRED COMP & ESOP

Name: FENTURA FINANCIAL INC. - FENTURA FINANCIAL, INC. EE DEFERRED COMP & ESOP (2019) Form 5500
Creator: FENTURA FINANCIAL INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FENTURA FINANCIAL, INC. EE DEFERRED COMP & ESOP, FENTURA FINANCIAL INC.

FENTURA FINANCIAL INC.EIN 38-2806518Plan #002PY 2019

175 N. LEROY ST. - FENTON, MI 484300725810-714-3983fentura.comLinkedIn1-10 employeesfinancial services

Prospect flagsNo flags tripped

Top hat statement on fileNQDC

Filed September 5, 2023 (most recent of 2 filings on file)

Plan administrator

Plan administrator name— Sign in and upgrade to view

175 N. Leroy Street, PO Box 725

Fenton, MI 48430

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Plans declared (2)

Fentura Financial, Inc. Supplemental Executive Retirement Agreement for Aaron D. Wirsing1 emp
Fentura Financial, Inc. Supplemental Executive Retirement Agreement for Craig L. Johnson1 emp

Total covered: 2 employees

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Total assets (EOY)

$12.8M

+32.0% from 2018

Total participants

312

+3.3% from 2018

Average account balance

$41,054

+27.8% from 2018

Annual return

22.11%

+26.94 pp from 2018

Benchmarks

See 2,202 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,202 peers

Snapshot2019

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

Not enough data

0 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$352K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

-0.14%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

0 years with F_SCH_H allocation on file

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
RESOURCES INVESTMENT ADVISORS LLC1 year Filed as: RESOURCES INVESTMENT ADVISORS, INC. Service code 27 · EIN 43-1451524	Advisory (Plan)	$24,738
EPIC RETIREMENT PLAN SERVICES2 years Filed as: KDP RETIREMENT PLAN SERVICES, INC. Service code 15 · EIN 38-3478073 3060 LAKE EASTBROOK BLVD. · GRAND RAPIDS, MI 49512	Recordkeeping	$12,900
MANER COSTERISAN1 year Filed as: MANER COSTERIAN Service code 10 · EIN 38-2157642 2425 E. GRAND RIVER AVE. · LANSING, MI 489123291	Accounting	$8,320
TRANSAMERICA RETIREMENT SOLUTIONS1 year Filed as: TRANSAMERICA LIFE Service code 15 · EIN 39-0989781	Recordkeeping	$930

Plan features & details

Pension benefit codes2E2F2H2J2K2O

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2O
ESOP other than a leveraged ESOP
Employee stock ownership plan that is not leveraged.

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$47K

$276 / participant

Contract admin$47K100.0%

% of EOY assets

0.366%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: MANER COSTERISAN AND ELLIS PC
Auditor EIN: 382157642
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$41,054

$98,982-58.5%

$162,177-74.7%

$65,185-37.0%

Participation rate

100.0%

85.8%+14.2pp

87.6%+12.4pp

70.2%+29.8pp

Annual return

22.11%

24.84%-2.7pp

115.60%-93.5pp

29.38%-7.3pp

Employer contribution / active EE

$2,625

$3,467-24.3%

$5,613-53.2%

$2,177+20.6%

Participant deferral / active EE

$4,215

$5,384-21.7%

$7,297-42.2%

$3,514+20.0%

Admin fee / account holder

$150

$596-74.8%

$10,843-98.6%

$847-82.3%

Provider

Service type

Compensation

RESOURCES INVESTMENT ADVISORS LLC1 year

Filed as: RESOURCES INVESTMENT ADVISORS, INC.

Service code 27 · EIN 43-1451524

Advisory (Plan)

$24,738

EPIC RETIREMENT PLAN SERVICES2 years

Filed as: KDP RETIREMENT PLAN SERVICES, INC.

Service code 15 · EIN 38-3478073

3060 LAKE EASTBROOK BLVD. · GRAND RAPIDS, MI 49512

Recordkeeping

$12,900

MANER COSTERISAN1 year

Filed as: MANER COSTERIAN

Service code 10 · EIN 38-2157642

2425 E. GRAND RIVER AVE. · LANSING, MI 489123291

Accounting

$8,320

TRANSAMERICA RETIREMENT SOLUTIONS1 year

Filed as: TRANSAMERICA LIFE

Service code 15 · EIN 39-0989781

Recordkeeping

$930

FENTURA FINANCIAL, INC. EE DEFERRED COMP & ESOP

Top hat statement on fileNQDC

Plan administrator

Plans declared (2)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FENTURA FINANCIAL, INC. EE DEFERRED COMP & ESOP

Top hat statement on fileNQDC

Plan administrator

Plans declared (2)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion